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Fixed price transactions see hefty premiums in LNG spot market

Spot LNG buyers are paying hefty premiums when requesting for fixed price offers in their transactions in view of the recent volatility in LNG...

Baltic index snaps 5-day winning streak as larger vessels rates slip

The Baltic Exchange’s dry bulk sea freight index snapped a five-session winning streak on Tuesday as demand for capesize and panamax vessels weakened. The...

Transocean reports new contracts & extensions

Transocean issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. This...

WTO: Demand Shock Behind Trade Bottlenecks Should Ease in Months

Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the...

Ocean Yield ASA Reports Fourth Quarter Net Profit of $17.9 Million

Ocean Yield AS announces results for the fourth quarter and preliminary results for the year ending 31st December 2021. HIGHLIGHTS • EBITDA for Q4 2021 was...

Scorpio Tankers posts $234m full-year loss

Scorpio Tankers reported its results for the three months and year ended December 31, 2021. The Company also announced that its Board of Directors...

Panama Canal to decrease Neopanamax locks maximum draft to 49.5 feet

The maximum allowable draft at the Neopanamax locks at the Panama Canal is due to decrease to 49.5 feet, or 15.09 meters, from 50...

Baltic index rises for 5th session as panamax hits 1-month high

The Baltic Exchange’s dry bulk sea freight index rose for a fifth straight session on Monday supported by strong demand for panamax vessels, which...

Stena Drilling: New contract with TotalEnergies for Stena Spey

Stena Drilling announced a new contract with TotalEnergies for Mobile Offshore Drilling Unit (MODU) Stena Spey. The Operations for Stena Spey in the UKCS are...

EU, 13 Countries Join High Seas Treaty

The EU and 13 other countries including Canada, India and the United Kingdom have agreed to form a coalition to protect biodiversity in the...

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Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...